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Strategies & Market Trends : John Pitera's Market Laboratory
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To: IndexTrader who wrote (654)4/1/2000 10:24:00 PM
From: John Pitera  Read Replies (1) of 33421
 
Hi Susan, The A-B-C correction in the NASD would be a
corrective wave, and I will not go so far as to call it
a 4th wave at the moment. I do think we see a new high
in the NASD, but will be on the lookout for signals that
will negate this outlook.

The health of the SPX chart and the big Momentum Surge
in the SPX and DJIA Momentum Indicators Tell Me we have
more upside in store.

Here is my preferred Elliot wave count of the recent
expanding triangle. This would be a 4th wave correction.

geocities.com

.....and would portend a new High in the DJIA.

John
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